Question : Small Industries Development Bank of India (SIDBI) in association with credit bureau TransUnion Cibil has launched a portal to help —
(a) MSMEs
(b) Defence Pensioner
(c) Corona fighters
(d) None of the above
Answer : (a)
Related facts
Context
- Small Industries Development Bank of India (SIDBI) in association with credit bureau TransUnion Cibil has recently(July 2020) launched a portal to help Micro, Small and Medium Enterprises (MSMEs), seeking access to finance and also help borrowers manage their credit obligations.
- while also supporting entrepreneurs towards managing their credit obligations.
MSME Saksham
- The portal- MSMESaksham- aims to guide MSMEs across their credit lifecycle, from availing credit to start and grow their businesses, to managing credit lines to sustain and build structural strength of the business, as well as ensuring timely closures and renewals of credit facilities.
MSME statistics india 2020
- The number of registered MSMEs in FY20 has increased by 18.49 per cent to 25.13 lakh units from 21.21 lakh in FY19, according to government data.
- The growth rate, however, declined from 39.7 per cent in the last financial year that had increased from 15.17 lakh MSMEs registered in FY18.
- Overall the number of registered MSMEs in India in the past five years stood at 90.19 lakh. According to the MSME Ministry’s FY19 annual report, the MSME sector is dominated by micro-enterprises.
- India has 6.33 crore MSMEs out of which 6.30 crore — 99.4 per cent are micro-enterprises while 0.52 per cent — 3.31 lakh are medium and 0.007 per cent — 5,000 are medium enterprises.
By — Pankaj Pandey.